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BOJ board member Hajime Takata said in a Sapporo speech that the policy rate needs to be moved closer to neutral to contain second-round price effects and rising inflation expectations, a hawkish signal from one of the board's more assertive voices. That reinforces the case for further tightening and puts upward pressure on JGB yields and the yen, tightening the yen carry trade that has funded leveraged positions in tech equities and crypto; a firmer JPY against the dollar typically drags on BTC/ETH beta and high-multiple NASDAQ names. Takata also framed 2024-style global recovery momentum as intact on fiscal-monetary expansion plus AI capex, so the confirmation point is whether the January BOJ meeting delivers a hike and how far USD/JPY unwinds toward the levels that triggered the August 2024 carry shock.
As a Macro signal, watch whether it changes price action, volatility, or flows around JPY=X, BTC.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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